Page-2 of Types of insurance Current Affairs, GK & News

Telangana announces a unique scheme to provide life insurance of up to Rs 5 lakh per farmer in state

The Telangana government has announced a unique life insurance scheme for farmers. Under the scheme, the government will provide life insurance facility of Rs 5 lakh to the nominee, after the death of the insured farmer. The entire premium will be paid by the government to the insurance agency and the nominee will get the ..

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Claim Ratio under National Health Protection Mission

Claim ratio is calculated as the total value of all claims paid by the company divided by the total amount of premium collected in a financial year. A claim ratio of 75-90 is usually thought to be an indicator of a robust claim settlement system by an insurer. National health protection mission and claim ratio ..

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Apollo Munich Health Insurance Company won “2017 General Insurance Company of Year” at 21st Asia Insurance Industry Awards

Apollo Munich Health Insurance Company has won the ” 2017 General Insurance Company of the Year” award at the 21st Asia Insurance Industry Awards. The Health Insurance Company is a joint venture between Apollo Hospitals Group and the Munich Re Group The award recognises Apollo Munich’s contribution in demonstrating market leadership during the qualifying period ..

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Suspended: New India Assurance chairman M Ramadoss

New India Assurance chairman M Ramadoss has been suspended by the Government for for alleged violations in issuing insurance cover to an airline during his stint as head of another state-run insurer. This is the second instance of action being taken against a head of a public sector insurance firm. Earlier, TS Vijayan, the chairman ..

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